MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark


Published On: Monday, December 14, 2020 | By:

MARKET UPDATE:Sensex gained 200 points and rose to 46,300 levels and Niftywas testing the 13,600-mark

The equity markets in India logged their fresh lifetime highs and were trading half a percent higher on Monday, on the back of strong global cues. Among headline indices, the S&P BSE Sensex gained 200 points and rose as high as 46,300 levels. The broader Nifty50 index, meanwhile, was testing the 13,600-mark. ONGC (up 2%), Larsen & Toubro, NTPC, Tata Steel, and PowerGrid (all up 2%) were the top Sensex gainers. Shares of pharma major Cipla jumped over 4 percent after the company announced the settlement of its patent litigation with Celgene Corporation, a wholly-owned subsidiary of Bristol Myers Squibb, relating to patents for Revlimid (lenalidomide) All the Nifty sectoral indices, except the Nifty Realty index, were trading in the green, led by the Nifty PSU Bank index, up 1.7 percent. In the broader markets, the S&P BSE MidCap and SmallCap indices were trading 0.5 per cent and 0.7 per cent higher, respectively.

Burger King India's Rs 810 crore IPO will debut at the bourses today. The quick-service restaurant chain is expected to have a strong debut as its IPO had received an overwhelming response from investors, with the public offer being subscribed 156.65 times.

We are on Telegram!

Telegram Logo

JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.

Click Here!

Follow Us On: